Note: This document has been translated from a part of the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

May 12, 2023

Summary of Consolidated Financial Results for the Fiscal Year Ended March 31, 2023 (Under Japanese GAAP)

Company name:

Keio Corporation

Listing:

Tokyo Stock Exchange

Securities code:

9008

URL:

https://www.keio.co.jp/

Representative:

President, Representative Director and Executive Officer

Satoshi Tsumura

Inquiries:

Manager of Finance and Accounting Department

Kei Miyabe

Telephone:

+81-42-337-3135

Scheduled date of annual general meeting of shareholders:

June 29, 2023

Scheduled date to commence dividend payments:

June 30, 2023

Scheduled date to file annual securities report:

June 29, 2023

Preparation of supplementary material on financial results:

Yes

Holding of financial results briefing:

Yes (for institutional investors and analysts)

(Amounts less than one million yen are rounded down.)

1. Consolidated financial results for the fiscal year ended March 31, 2023 (from April 1, 2022 to March 31, 2023)

(1) Consolidated operating results

(Percentages indicate year-on-year changes.)

Operating revenues

Operating profit

Ordinary profit

Profit attributable to

owners of parent

Fiscal year ended

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

March 31, 2023

347,133

15.8

21,479

－

21,772

305.7

13,114

134.8

March 31, 2022

299,872

(4.9)

740

－

5,366

－

5,585

－

Note: Comprehensive income

For the fiscal year ended March 31, 2023:

¥ 14,099 million

[224.2%]

For the fiscal year ended March 31, 2022:

¥ 4,349 million

[

－%]

Basic earnings

Diluted earnings

Return on equity

Ratio of ordinary

Ratio of operating

per share

per share

profit to total assets

profit to net sales

Fiscal year ended

Yen

Yen

%

%

%

March 31, 2023

107.40

－

3.8

2.3

6.2

March 31, 2022

45.75

－

1.6

0.6

0.2

Reference:

Share of profit (loss) of entities accounted for using equity method

For the fiscal year ended March 31, 2023:

¥ 426 million

For the fiscal year ended March 31, 2022:

¥ 257 million

(2) Consolidated financial position

Total assets

Net assets

Equity-to-asset ratio

Net assets per share

As of

Millions of yen

Millions of yen

%

Yen

March 31, 2023

955,233

351,566

36.8

2,879.29

March 31, 2022

906,212

342,286

37.8

2,803.64

Reference:

Shareholders' equity

As of March 31, 2023:

¥ 351,591 million

As of March 31, 2022:

¥ 342,321 million

1

(Percentages indicate year-on-yearchanges.)

(3) Consolidated cash flows

Cash flows from

Cash flows from

Cash flows from

Cash and cash

equivalents at end of

operating activities

investing activities

financing activities

period

Fiscal year ended

Millions of yen

Millions of yen

Millions of yen

Millions of yen

March 31, 2023

25,039

(42,045)

20,633

71,021

March 31, 2022

28,222

(14,318)

(23,264)

67,394

2. Cash dividends

Annual dividends per share

Total cash

Ratio of

Payout ratio

dividends to

First

Second

Third

Fiscal

dividends

Total

(Consolidated)

net assets

quarter-end

quarter-end

quarter-end

year-end

(Total)

(Consolidated)

Yen

Yen

Yen

Yen

Yen

Millions of yen

%

%

Fiscal year ended

－

20.00

－

20.00

40.00

4,886

87.4

1.4

March 31, 2022

Fiscal year ended

－

20.00

－

20.00

40.00

4,886

37.2

1.4

March 31, 2023

Fiscal year ending

22.50

22.50

45.00

34.8

March 31, 2024

－

－

(Forecast)

3. Forecast of consolidated financial results for the year ending March 31, 2024 (from April 1, 2023 to

March 31, 2024)

Operating revenues

Operating profit

Ordinary profit

Profit attributable to

Earnings per share

owners of parent

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

Yen

Full year

368,000

6.0

21,000

(2.2)

19,700

(9.5)

15,800

20.5

129.39

2

* Notes

  1. Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change in scope of consolidation): No
  2. Changes in accounting policies, changes in accounting estimates, and restatement
    1. Changes in accounting policies due to revisions to accounting standards and other regulations: No
    2. Changes in accounting policies due to other reasons: No
    3. Changes in accounting estimates: No
    4. Restatement: No
  4. Number of issued shares (common shares)
    1. Total number of issued shares at the end of the period (including treasury shares)

As of March 31, 2023

As of March 31, 2022

128,550,830 shares

128,550,830 shares

(ii) Number of treasury shares at the end of the period

As of March 31, 2023

As of March 31, 2022

6,440,445 shares

6,451,615 shares

(iii) Average number of shares outstanding during the period

Fiscal year ended March 31, 2023

Fiscal year ended March 31, 2022

122,106,129 shares

122,099,924 shares

Note: The number of the Company's shares held by the Officer Compensation Trust Account included within the number of treasury shares is as follows:

FYE March 2023: 43,400 shares FYE March 2022: 56,300 shares

[Reference] Overview of non-consolidated financial results

1. Non-consolidated financial results for the fiscal year ended March 31, 2023 (from April 1, 2022 to March 31, 2023)

(1) Non-consolidated operating results

(Percentages indicate year-on-year changes.)

Operating revenues

Operating profit

Ordinary profit

Profit

Fiscal year ended

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

March 31, 2023

115,954

9.7

15,595

32.8

16,000

33.0

11,403

－

March 31, 2022

105,713

4.1

11,741

136.1

12,034

104.3

(4,393)

－

Basic earnings

Diluted earnings

per share

per share

Fiscal year ended

Yen

Yen

March 31, 2023

93.39

－

March 31, 2022

(35.99)

－

(2) Non-consolidated financial position

Total assets

Net assets

Equity-to-asset ratio

Net assets per share

As of

Millions of yen

Millions of yen

%

Yen

March 31, 2023

819,116

229,301

28.0

1,877.82

March 31, 2022

775,596

220,930

28.5

1,809.43

Reference: Shareholders' equity

As of March 31, 2023:

¥ 229,301 million

As of March 31, 2022:

¥ 220,930 million

3

2. Forecast of non-consolidated financial results for the year ending March 31, 2024 (from April 1, 2023 to March 31, 2024)

Operating revenues

Operating profit

Ordinary profit

Profit

Earnings per share

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

Yen

Full year

117,200

1.1

11,600

(25.6)

11,900

(25.6)

9,300

(18.4)

76.16

  • Financial results reports are exempt from audit conducted by certified public accountants or an audit corporation.
  • Proper use of earnings forecasts, and other special matters

The earnings forecasts and outlines on future performance noted in these materials include projections based on certain forecasts/assumptions made at the time of publication.

Actual performance may differ from forecast figures due to various factors.

4

Consolidated financial statements

Consolidated balance sheets

(Millions of yen)

As of March 31, 2022

As of March 31, 2023

Assets

Current assets

Cash and deposits

67,403

71,030

Notes and accounts receivable-trade and contract assets

40,892

45,298

Merchandise and finished goods

16,526

17,096

Work in process

22,687

40,777

Raw materials and supplies

2,293

2,345

Other

7,272

6,359

Allowance for doubtful accounts

(9)

(13)

Total current assets

157,066

182,894

Non-current assets

Property, plant and equipment

Buildings and structures, net

323,188

320,606

Machinery, equipment and vehicle,net

22,388

22,571

Land

235,725

239,423

Construction in progress

61,334

72,003

Other, net

14,176

14,984

Total property, plant and equipment

656,813

669,590

Intangible assets

14,593

19,500

Investments and other assets

Investment securities

49,056

55,917

Retirement benefit asset

12,799

12,186

Deferred tax assets

8,707

5,160

Other

7,303

10,136

Allowance for doubtful accounts

(128)

(151)

Total investments and other assets

77,738

83,248

Total non-current assets

749,145

772,338

Total assets

906,212

955,233

5

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Disclaimer

Keio Corporation published this content on 12 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 May 2023 06:42:11 UTC.